Medicaid Planning

If you or your parents are past retirement age and have considerable assets, it is time to carefully consider Medicaid planning for the future if you haven’t done so already. This is especially relevant if you, your spouse or either of your parents has been diagnosed with a degenerative condition like Alzheimer’s disease or if there is a family history…Read More

If your spouse requires nursing home care, you’re probably wondering how you will pay for it. Nursing home fees are exorbitant, and most Colorado residents won’t be able to afford them without government assistance through Medicaid. The problem is, it seems that Medicaid benefits won’t activate until nearly all of your financial resources have been depleted. This presents a problem…Read More

As people live longer, it’s becoming increasingly common for families to struggle with Medicaid’s rules regarding assets when a spouse or parent has to go into a nursing home. In order to preserve the family’s assets for the other spouse or the parent’s heirs, a lot of people turn to attorneys with experience in elder law and Medicaid planning. Why…Read More

Medicaid is a health insurance program for individuals based on financial eligibility. The program is funded by both the federal and state governments. Medicaid health care is attractive to seniors because it pays for long-term health care, whereas Medicare does not. When you turn 65, you are automatically eligible for Medicare. If you have a separate long-term care insurance policy,…Read More

hen facing the prospect of long-term care, either for yourself or for your parents, it’s important to consider how Medicaid can work for you. You likely know that the program was designed to provide medical coverage — such as nursing home expenses — to people who cannot afford to get pay for it on their own. As such there are…Read More

Medicaid actually pays for a majority of the nursing home costs in the United States; however, to qualify for long-term care, a person or couple must meet specific financial criteria, which varies by state. What are the Medicaid guidelines for Colorado? Income guidelines for eligibility is based on the number of people in your household. Current income requirements are found…Read More

If you have ever wondered about the differences between Medicare and Medicaid, you are not alone. Even those who are receiving benefits from one or both programs can get confused. Before you start thinking that these federal programs cannot help you or your loved ones, read this brief overview. What is Medicare? Medicare is a federally operated insurance program that…Read More